FPSO MODEC Venture 1 redeploys

AED Oil Ltd. has send a letter of intent to MODEC for time charter of the FPSO MODEC Venture 1.

Aug 28th, 2007

Offshore staff

TOKYO –AED Oil Ltd. has send a letter of intent to MODEC for time charter of the FPSO MODEC Venture 1.

The vessel would go to Puffin SW field in the Timor Sea for AED. It had been at Elang/Kakatua/Kakatua North for ConocoPhillips in the Timor Gap Joint Petroleum Development Area. ConocoPhillips has abandoned that operation after nine years.

The FPSO will undergo minor modifications and maintenance, and is expected to be on station at Puffin-10 toward the end of 1Q 2008, with production starting shortly thereafter. The contract agreement is for a fixed term of three years with two one-year option periods.

08/28/2007

More in Production
The Leviathan platform offshore Israel.
Leviathan gas flowing to Jordan
Noble Energy has issued an update on the Leviathan gas field offshore Israel, which started production at the end of last year.
Jan 16th, 2020
Intervention vessel Island Wellserver.
Equinor gets go-ahead for offshore Norway interventions
The Norwegian Petroleum Safety Authority has approved Equinor’s request to use the intervention vessel Island Wellserver.
Jan 16th, 2020
Awarded licenses in the Barents Sea together with field and discoveries under development.
Report reviews options for future Barents Sea gas exports
Norwegian offshore gas trunklines operator Gassco has presented a new report on gas transport options for fields in the southern Barents Sea to Norway’s Minister of Petroleum and Energy, Sylvi Listhaug.
Jan 15th, 2020
Location of the SK408 PSC offshore Malaysia.
SapuraOMV starts up Larak gas field offshore Malaysia
The SapuraOMV Upstream joint venture has produced first gas from the Larak field in the SK408 production-sharing contract offshore Sarawak.
Jan 13th, 2020
The FPSO Polvo operates on the Polvo field in block BM-C-8 of the Campos basin offshore Brazil.
Polvo field FPSO secures seventh extension offshore Brazil
BW Offshore has signed an agreement with PetroRio for a one-year extension for the lease and operation of the FPSO Polvo.
Jan 13th, 2020
Cnooc113
CNOOC to start up eight offshore China projects in 2020
CNOOC is targeting net production globally this year in the range 520-530 MMboe, with Chinese offshore fields accounting for around 64%.
Jan 13th, 2020
Kollsnes processing plant in Norway.
Norwegian gas exports holding up despite LNG competition
Norwegian offshore gas trunklines operator Gassco transported 106.99 bcm from Norway to Europe and the UK last year, down from 114.2 bcm in 2018.
Jan 13th, 2020
TurkStream gas pipeline route in the Black Sea.
Gazprom starts gas flow through TurkStream pipeline
Gazprom and its partners have inaugurated the TurkStream gas pipeline in the Black Sea.
Jan 9th, 2020
The Statfjord A platform in the Norwegian North Sea.
Equinor targets 20-year life extension for North Sea Statfjord field
Equinor and its partners have approved plans to extend production from the Statfjord field in the Norwegian North Sea out to 2040.
Jan 9th, 2020
Websiteimage Sunset
Pemex to investigate Akal-C 6 platform fire
Three workers were injured after a fire broke out on the Akal-C 6 platform in the Bay of Campeche, Pemex announced on Twitter.
Jan 8th, 2020
Opex Oilfields In Offshore Regions Jan 2020
Efficiencies, dollar exchange rate supporting offshore opex cuts
Britain is leading the global charge to cut offshore oil and gas production costs, according to analysis by Rystad Energy.
Jan 8th, 2020
The Solan oil field platform west of Shetland.
North Sea Catcher Area wells to offset production decline
Premier Oil plans to drill three development wells in mid-year on its Catcher Area satellite oil fields in the UK central North Sea.
Jan 8th, 2020
The platform has a production capacity of 14 MMcm/d (500 MMcf/d).
Third South Pars phases 22-24 platform goes onstream offshore Iran
Pars Oil and Gas Co. has started operations on the third platform for phases 22 to 24 of the South Pars gas field in the Persian Gulf.
Jan 8th, 2020
The Shearwater field is a high-pressure/high-temperature reservoir produced through a process, utilities and quarters platform in the UK central North Sea.
Premier lines up deals for three UK North Sea fields
Premier Oil has agreed to pay BP $625 million for its interests in the Andrew and Shearwater areas of the UK central North Sea.
Jan 7th, 2020